Corporate Governance

Corporate Governance is an integral part of how the Group
chooses to do business. The desire to pursue best practices
is embedded in the Group’s corporate philosophy and policies. This section will be extended further in due course of the IPO process.

The Group maintains a two-tier governance structure in which the executive and supervisory responsibilities are separated.

Executive Board

The Executive board is responsible for the Group’s day-today management, its strategy and the advocacy of the general stakeholders’ interests and is based on the creation of an optimum span of control. The Executive board is appointed by the General Meeting of Shareholders.Members of the Executive Board

Supervisory Board

The main function of the Supervisory board is to offer the Executive board general advice for achieving its business goals and corporate strategy. Its objective is to safeguard and uphold the Group’s goals and ensure that the management achieves them. The Supervisory board focusses on the interests of the Group and its associated businesses and carries out its advisory task through regular formal meetings with the Group’s Executive board. The Supervisory board is appointed by the General Meeting of Shareholders.Members of the Supervisory Board